Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613534
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹50,00,000
EMD:₹5,00,000
Bid Increment:₹50,000
Auction Time:11:00 A.M to 4:00 P.M
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
Prime agricultural land located in the Malappuram area of Kozhikode, Kerala. This valuable plot offers significant potential for development or agricultural ventures. Situated in a growing region, it presents an excellent opportunity for investors or individuals looking to acquire land in a desirable location. The property is being auctioned by the State Bank of India.
State:Kerala
City:Kozhikode
Area:Malappuram
Asset Category:Residential
Full Address:Re Sy. No.214/3 (Old Sy No. 33) Block No.20, Kizhuparamba Village, Eranadu Taluk, Kizhuparamba, Malappuram
Size:40.47 Ares
Auction Description
The State Bank of India is conducting a SARFAESI auction for a land property in Malappuram, Kozhikode. The auction will commence on November 28, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price for this residential land is ₹50,00,000, with an Earnest Money Deposit (EMD) of ₹5,00,000 required. This is a unique opportunity to bid on a valuable asset formerly associated with M/s Ernad Construction Company.
Borrower Name:M/s Ernad Construction Company
Auction Type:SARFAESI Auction
Guarantor Names:Mr. M K. Ali, Mr. MK Abdul Aziz, Mr. Abdurahiman, Mr. P. Salim, Mr. M Shoukathali
Legal Details
Possession Status:Physical
Encumbrance Details:Nil to the knowledge of the Bank
Why This Property
This land parcel in Malappuram presents a calculated opportunity, with a reasonable reserve price and clear boundaries. The location in a developing area of Kerala could yield future appreciation. However, potential investors should conduct thorough due diligence regarding local market conditions and land development regulations.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no: —
